Meme Coins Market to Undergo Undeniable Transformation as the Industry Shifts Focus to Utility Tokens, Says Moonrock Capital CEO

The recent unexpected shift by meme coins to fundamentally strong utility tokens has generated a “friendly” exchange between the CEO of blockchain advisory

The recent shift from meme coins to utility tokens has sparked a discussion between Moonrock Capital CEO Simon Dedic and Shiba Inu (SHIB) lead developer Shytoshi Kusama.

According to Dedic, this trend could continue, leading to a transformation in the meme market.

dedic meme coins utility tokens

“Feels like we’re slowly but surely shifting from useless memecoins to fundamentally strong utility tokens. The next few months could be unparalleled.”

However, Kusama stated that the shift is occurring more slowly than anticipated. He added that the TREAT token, which is designed to be a meme and utility token, will lead this transformation along with the SHIB ecosystem.

What is TREAT

The Shiba Inu team created TREAT to enhance user experience within the ecosystem. Holders of this token will reportedly gain access to exclusive benefits and features.

To address the issue of deflation, TREAT will have a burning module that automatically burns a small portion of the transaction fees generated from usage. This will technically reduce the circulating supply and increase its value proposition.

Until the token is officially launched, Kusama has warned crypto investors against any existing TREAT tokens. Similarly, Shiba Inu’s marketing lead, Lucie, has warned her followers about imitations in the market. She stated that some investors may deliberately invest in these fake tokens.

“Yes, there a few knock-offs, but they’re NOT the real deal. If you decide to invest in something fake, knowing it’s not authentic—Dior bag and that’s your choice. Fine but we don’t want to see anyone get deceived…But if someone’s trying to sell you a fake Dior as a real authentic bag, it’s a scammer.”

Shiba Inu Price Analysis

At press time, Shiba Inu had marginally lost a portion of its 5% weekly accumulation and was trading at $0.00001847.

Meanwhile, an analyst known as Oscar Ramos believes that the asset could surge to $0.000081 for three main reasons:

Moreover, Shiba Inu broke out of a symmetrical triangle on October 30. To reach the predicted price point, analysts stated that SHIB must first overcome three key resistance levels at $0.000033, $0.000046, and $0.000071.

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